Magnetar Financial LLC Purchases New Stake in FIGX Capital Acquisition Corp. $FIGX

Magnetar Financial LLC purchased a new stake in shares of FIGX Capital Acquisition Corp. (NASDAQ:FIGX) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 500,000 shares of the company’s stock, valued at approximately $5,030,000.

Several other institutional investors and hedge funds have also made changes to their positions in FIGX. ABC Arbitrage SA acquired a new stake in shares of FIGX Capital Acquisition during the 4th quarter valued at approximately $302,000. Bulldog Investors LLP acquired a new stake in FIGX Capital Acquisition in the fourth quarter worth $1,007,000. Westchester Capital Management LLC increased its position in FIGX Capital Acquisition by 1.9% in the fourth quarter. Westchester Capital Management LLC now owns 152,916 shares of the company’s stock worth $1,538,000 after buying an additional 2,916 shares during the period. Wolverine Asset Management LLC increased its position in FIGX Capital Acquisition by 32.7% in the fourth quarter. Wolverine Asset Management LLC now owns 170,033 shares of the company’s stock worth $1,711,000 after buying an additional 41,929 shares during the period. Finally, Mint Tower Capital Management B.V. acquired a new stake in FIGX Capital Acquisition in the fourth quarter worth $2,264,000.

FIGX Capital Acquisition Trading Up 0.3%

Shares of NASDAQ FIGX opened at $10.27 on Wednesday. FIGX Capital Acquisition Corp. has a 1-year low of $9.95 and a 1-year high of $10.30. The stock has a fifty day moving average of $10.20.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised FIGX Capital Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, May 1st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, FIGX Capital Acquisition presently has a consensus rating of “Sell”.

About FIGX Capital Acquisition

We are a blank check company incorporated on February 20, 2025, as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. While we may pursue an initial business combination target in any industry, we currently intend to concentrate our efforts in identifying businesses in the financial industry group (FIG Sector), with a focus on differentiated private wealth/asset managers positioned to become multi-asset fund management platforms with diversified distribution channels and global market presence.